Taking the Lead to Defend Municipal Bonds Record Crowds Attend House and Senate Muni Bond 101 Seminars
On Thursday, June 2, 2016, the MBFA Coalition held a “Municipal Bonds 101” seminar on Capitol Hill for congressional staff and interested parties focusing on the importance of preserving the present-law treatment of tax-exempt municipal bonds.
The House and Senate seminars featured a distinguished panel of municipal finance professionals from varying backgrounds who explained the benefits of the traditional municipal bond market to approximately 90 staff from key congressional personal and committee offices. The panel was moderated by former mayor of Cleveland, OH, Jane Campbell, Director – Washington office of the National Development Council.
Steve Benjamin, Mayor – Columbia, SC
Scott Giles, President & CEO – Vermont Student Assistance Corporation (VSAC)
Bill Carnahan, Executive Director – Southern California Public Power Authority (SCPPA)
Tom Gleason, Executive Director – MassHousing and President, National Council of State Housing Agencies (NCSHA)
The education seminars featured an interactive discussion and fostered a great learning environment for key hill staffers. In its fourth consecutive year, the “Muni Bonds 101” seminar has proven to be a key component in an ongoing effort by the MBFA Coalition to educate policy makers and staff on the benefits of the municipal market and the negative implications of scaling back or eliminating the tax exemption on municipal debt.
“Tax-exempt bonds are issued by more than 50,000 state and local governments and authorities and have stimulated investment in infrastructure and other projects benefiting economic growth in local communities for 100 years,” said Steve Benjamin, Mayor of Columbia, SC and Chair of MBFA’s executive committee. This seminar is an opportunity for us to educate Congress on the many uses and vast benefits of municipal bonds for local communities, taxpayers, and investors.”
Handouts from the seminar are available below:
Click here for the MBFA letter to Ways & Means Committee Chairman Kevin Brady (R-TX) on maintaining the current law status of the municipal tax exemption.
Click here for an MBFA two-pager on how Bonds Build America.
Click here for an MBFA one-pager on how municipal bonds promote fiscal responsibility.
Click here for a “Glossary of Terms” commonly used when discussing the municipal bond market and tax-exempt bonds.